These are this Wednesday’s top analyst upgrades, downgrades and initiations.
Analog Devices Inc. (NYSE: ADI) shares were indicated up 7% at $62.00 or so after earnings. It was raised to Buy with a $71 price target at SunTrust Robinson Humphrey. Analog Devices was also reiterated as Outperform with a $72 price target at Credit Suisse. Wells Fargo maintained its Market Perform rating with a $55 to $65 valuation range.
Canadian Solar Inc. (NASDAQ: CSIQ) was down 10% after earnings around $22.00. Canaccord Genuity maintained its Buy rating but lowered its price target to $40 from $45 in the call. Roth Capital maintained its Buy rating and lowered its target to $40 from $46.
Home Depot Inc. (NYSE: HD) was reiterated as Buy and the price target was raised to $136 from $130 at Argus. Credit Suisse reiterated its Outperform rating and raised the price target to $135 from $120. Home Depot shares were up 2.6% at $122.80, as of Tuesday’s close, after it beat earnings.
Marvell Technology Group Ltd. (NASDAQ: MRVL) was raised to Buy from Neutral with a $15 price target at Ladenburg Thalmann. The stock closed most recently at $12.16, has a consensus analyst price target of $14.77 and has a 52-week range of $11.65 to $16.78.
Wal-Mart Stores Inc. (NYSE: WMT) was maintained as Outperform at Credit Suisse with an $85 price target. The firm sees only 6% downside from here due to the 3% yield. Telsey Advisory Group cut its price target to $75 from $83 and maintained a Market Perform rating. Wells Fargo maintained its Market Perform rating and lowered its valuation range to $70.00 to $75.00 from $77.00 to $82.00.
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Other top analyst upgrades, downgrades and initiations from this Wednesday were seen as follows:
Aflac Inc. (NYSE: AFL) was downgraded to Underperform from Neutral with a $66 price objective (down from $68) at Bank of America Merrill Lynch.
Duke Realty Corp. (NYSE: DRE) was raised to Buy from Neutral at UBS.
eBay Inc. (NASDAQ: EBAY) was maintained as Neutral and the post-spin price target was cut to $30 at Mizuho Securities.
Fogo De Chao Inc. (NASDAQ: FOGO) was raised to Overweight from Neutral with a $24 price target at JPMorgan.
Habit Restaurants Inc. (NASDAQ: HABT) was raised to Outperform from Market Perform with a $33 price target at Raymond James. This is after share fell more than 30% over the past three months.
Hain Celestial Group Inc. (NASDAQ: HAIN) was reiterated as Overweight with a $69 price target at Piper Jaffray, after a near 7% drop the prior day. Wells Fargo maintained its Market Perform rating with a $55 to $57 price target.
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Illumina Inc. (NASDAQ: ILMN) was reiterated as Buy and the price target was raised to $250 at Mizuho Securities.
International Game Technology PLC (NYSE: IGT) was started as Sell and was assigned a $15.50 price target (versus a $19.28) at Goldman Sachs.
J.M. Smucker Co. (NYSE: SJM) was raised to Outperform from Neutral and the price target was raised to $125 from $112 (versus a $108.97 close) at Credit Suisse.
Methanex Corp. (NASDAQ: MEOH) was downgraded to Outperform from Strong Buy at Raymond James.
Panera Bread Co. (NASDAQ: PNRA) was started as Hold with a $220 price target at Maxim Group.
Scientific Games Corp. (NASDAQ: SGMS) was started as Sell with a $7.50 price target at Goldman Sachs.
Trina Solar Ltd. (NYSE: TSL) was maintained as Buy and the price target was cut to $15 from $25 at Roth Capital, as the China market weakness is offsetting module strength.
Weight Watchers International Inc. (NYSE: WTW) was raised to Equal Weight from Underweight at Morgan Stanley.
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In case you missed out on Tuesday’s top analyst upgrades and downgrades, they included Agilent, SanDisk, SunEdison, Urban Outfitters, Walt Disney and over a dozen more.
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